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The value of Islamic-owned real estate in the Middle East, Asia and Africa is estimated by Ernst & Young to be $1.1 trillion. That's a significant jump from the estimated value in 2011, which was $826 billion. The growth is being driven by diminishing confidence on the part of investors in derivatives and other trading instruments.

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IGB Corp Bhd might launch an office REIT and a hotel REIT, according to an analyst. The company announced last week that it would list a retail REIT on Bursa Malaysia. The office and hotel REITs would be after that listing, according to the analyst.

Goldman Sachs is expected to go to market this week to sell $1.4 billion in commercial mortgage-backed securities. The transaction will be based on a single loan the investment bank made on the Ala Moana Center in Honolulu, according to sources. It will be largest single-loan CMBS since 2010.

Owners of select-service hotels, including REITs such as Bethesda, Md.-based RLJ Lodging Trust, are investing more in these typically no-frills hotels. The improvements, which often include new flat-screen televisions, lead to greater guest satisfaction and eventually better returns, executives say.

As of Sept. 9, Federal Reserve data showed banks had outstanding loans to businesses and households with a total value of $6.85 trillion. Real estate loans accounted for the biggest portion of that figure. They were at $3.79 trillion, an increase of $7.5 billion from the previous week's figure.